A leftward shift of a product supply curve might be caused by:
A. some firms leaving an industry.
B. an increase in consumer incomes.
C. an improvement in the relevant technique of production.
D. a decline in the prices of needed inputs.
Answer: A
Economics
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Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as "finger pointing?"
What will be an ideal response?
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In the base year, the relationship between nominal and real GDP is
a. uncertain. b. one of equality. c. real GDP is higher. d. nominal GDP is higher.
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